News
Carbon Pricing
September 21, 2022
South African businesses propose revisions to carbon tax rates
The Energy Council of South Africa and other business representatives have jointly proposed recommendations to South African government for the country’s carbon tax scheme under the draft Taxation Laws Amendment Bill.
August 11, 2022Australian climate advisers recommend establishment of national carbon market
Australia’s Climate Change Authority recently suggested Australia establish a transparent national carbon market and hint at integrating voluntary and compliance carbon markets.
July 15, 2022Indonesia’s carbon credit export potential hits Rp2.6 trillion
Indonesia’s carbon credit export potential in the forestry sector has reached Rp2.6 trillion (US$172.6 million) per year, said Finance Minister Sri Mulyani Indrawati at the Sustainable Finance for Climate Transition Roundtable, a G20 side event held on Ju
June 27, 2022Indonesia to defer carbon tax implementation amid global economic uncertainty
Indonesia’s carbon tax scheme, which was set to go into force in July, could be postponed due to global economic volatility and to give authorities time to prepare, according to a government official.
June 23, 2022EU’s historic carbon market overhaul gets green light from lawmakers
The European Parliament on Wednesday endorsed the long-anticipated carbon market reforms, easing worries that Europe’s climate actions might be delayed after legislators rejected the proposals in a first vote earlier this month.
June 15, 2022France urges EU to strengthen means against carbon price volatility
After the European Parliament voted down the key parts of carbon market reform, France, the holder of the EU rotating presidency, plans to ask the bloc to enhance a mechanism to prevent excessive carbon price spikes as part of the most comprehensive refor
June 10, 2022Canada’s newly launched carbon market draws criticism for its price
Canada unveiled on Wednesday its first federal carbon market, enabling governments, businesses and other organizations to offset their carbon dioxide emissions by purchasing credits.
June 08, 2022Austria mulls deferring carbon tax as inflation concerns grip market
Due to rising energy prices and public criticism, the Austrian government is considering delaying the implementation of carbon tax until October, reported Euractiv.
May 24, 2022IMO moves closer to putting carbon levy on shipping sector
Member states of the International Maritime Organization (IMO) have agreed on the need to impose a carbon price on shipping emissions. The countries reached a consensus at the Intersessional Working Group meeting last week, marking a “significant breakthr
May 16, 2022US lawmakers mull import fee for carbon-intensive products
The two parties of the US Congress are currently discussing a potential bipartisan energy and climate bill, including the possibility of imposing a levy on carbon-intensive products entering the country, according to local media.